Following the successful completion of the spin-off of Octave Intelligence plc from parent company Hexagon AB on May 22, Octave’s Swedish depository receipts commenced trading on Nasdaq Stockholm on May 25 and Octave’s Class B ordinary shares will commence trading on the Nasdaq Global Select Market in New York.

Building on 30 years of expertise and partnership with complex organizations, including more than 60% of the Global Fortune 500, Octave delivers connected, contextual intelligence solutions for the organizations who can’t afford to fail.

“Organizations responsible for the world’s most critical assets are generating data that creates intelligence everywhere but is connected nowhere,” said Mattias Stenberg, CEO, Octave. “Octave unlocks results by connecting that data and intelligence with context and AI-driven insight across every asset, facility and organization. Today marks a new day for our customers, employees and partners.”

By linking data, decisions and outcomes across the design, build, operate and protect phases, Octave creates shared knowledge where every new data source strengthens the system, yielding compounding insight over time.

“This new chapter marks a new focus as an organization deeply committed to solving our customers’ toughest challenges in a rapidly changing world,” Stenberg said. “The future of technology is won by the companies who can deliver meaningful outcomes at scale. Octave is positioned to meet this through our unmatched depth of connected, contextual intelligence.”

On April 24, 2026, the Annual General Meeting of Hexagon AB resolved to distribute all shares in its wholly-owned subsidiary Octave Intelligence plc to Hexagon’s shareholders. Shareholders of Hexagon as per the record date of May 22, 2026, have received one class A ordinary share in Octave for every ten Series A shares held in Hexagon, and one class B ordinary share in Octave for every ten Series B shares held in Hexagon.

On May 22, the distribution of Octave from Hexagon completed and non-affiliate holders of Series B shares in Hexagon received Octave’s class B ordinary shares by way of Skandinaviska Enskilda Banken AB (publ) (SEB) issuing Swedish depository receipts (SDRs). Each SDR represents one underlying class B ordinary share in Octave and was deposited into shareholders’ Euroclear Sweden accounts.

Today, Octave’s class B ordinary shares will commence trading on Nasdaq New York under the ticker symbol “OCTV” with the ISIN code IE0003YHD8K8 and the CUSIP G22845 104. On May 25, Octave SDRs commenced traded on Nasdaq Stockholm under the ticker symbol “OCTV SDB” with the ISIN code SE0028329433.

Morgan Stanley, Rothschild & Co and Skandinaviska Enskilda Banken AB (publ) are lead financial advisors to Hexagon and Octave in relation to the distribution and listings of Octave. Sullivan & Cromwell LLP, Mannheimer Swartling Advokatbyrå AB and Arthur Cox LLP are legal counsel to Hexagon and Octave as to U.S., Swedish and Irish law, respectively, in relation to the distribution and listings of Octave.